Interested to Buy Any Domain ? << Click Here >> for more details...
How to calculate PF with example
- 18 Answers
- 138230 Views
- manappuram, Meta Arch, The Chennai Silks, I also Faced
- E-Mail Answers
Answer Posted / sai srikanth kanchinadham
PF is calculated on your Basic + DA @12% and for Non-Metro cities basic is 40% of your gross salary and for Metro cities it is @50% of your Gross Salary. Because Hyderabad is still not a Metro city.
Basic - 40% of Gross Salary
HRA - 25% Of Gross Salary
DA - 20% of Gross Salary.
PF - 12% of Basic
ESI - 1.75%-Employee Contribution
4.75%-Employer Contribution
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
Explain me some of the examples for liability accounts?
What are a debit note and credit note with an example?
DHPL is a small sized firm manufacturing hand tools. It manufacturing plan is situated in haryana. The company's sales in the year ending on 31st march 2007 were Rs.1000 million(Rs.100 crore) on an asset base of Rs.650 million. The net profit of the company was Rs.76 million. The management of the company wants to improve profitability further. The required rate of the company is 14 percent.The company is currently considering an investment proposal. One is to expand its manufacturing capacity. The estimated cost of the new equipment is Rs.250 million. It is expected to have an economic life of 10 years. The accountant forecasts that net cash inflows would be Rs.45 million per annum for the first three years, Rs.68 million per annum from year four to year eight and for the remaining two years Rs.30 million per annum. The plant can be sold for Rs.200 million: (a) The company can borrow funds from a nationalized bank at the interest rate of 14 percent for 10 years. It will be required to pay equal annum installment of interest and repayment of principal. (b) A financial institution has offered to lend money to DHPL at 13.5 per annum but it needs to pay equated quarterly installment of interest and repayment of principal. Questions: (1) Should the company expand its capacity? show the computation of NPV. (2) What is the annual installment of bank loan? (3) calculate the quarterly installment of the financial institution loan. (4) should the company borrow from the bank of from the financial institution?
What is the depreciation rates for all the assets?like plant & Machinery,computers,software,land & buildings
what is the new rate of c.s.t in uttraklhand
Explain the concept of responsibility accounting
Tell me do you have any idea about service tax or excise?
What is the basic accounting equation?
Define overhead in terms of accounting?
Please describe your experience in inventory reporting & valuation including reconciliation of inventory accounts.
Recent trends in Corporate Governence?
How to prepare finalization accounts?
What is an adjusting journal entry?
please inform me , how to make employee ladger account of salary...please inform me with entry..e.g if we give 14000 salary, as structure we put it half amount in advance and half is salary so in this case how to make entry in employee ledger account...please inform me...both things..Thank You.
Explain different branches of accounting?
